Friday, April 2, 2010

Millard Fillmore Presidential Dollar Coin Cover and Other Updates

Today April 2, 2010, the US Mint released the Millard Fillmore Presidential Dollar Coin Cover. This represents the thirteenth release for the American Presidency $1 Coin Cover series.

Each cover includes 2010-P & D Millard Fillmore Dollars from the first day of production at the Philadelphia and Denver Mints. The coins are mounted on a display card placed within an illustrated envelope. The envelope has a 44-cent Flag postage stamp with a special cancellation and postmark of February 18, 2010, East Aurora, NY. This was the first day the Millard Fillmore Dollar was released into circulation.

The covers are priced at $15.95 each. This represents a $1.00 increase from the price level for previous covers in the series. The US Mint has raised prices for a large number of products this year.

The maximum production for the Millard Fillmore Dollar Coin Covers has been set at 32,000. This is a 20% reduction from the limit of 40,000 used for last year's covers. The covers released during 2007 carried maximum production limits of 50,000.

US Mint Product Schedule Updates

The US Mint has provided specific release dates for a number of upcoming products. This includes the 2010 Lincoln Cent Two Roll Set, which will be released on April 8, 2010. This set had been expected at the end of March. Pricing and release details are still unknown. The comparable 2009 Lincoln Cent Two Roll Sets were priced at $8.95 each. The sets for the Professional Life and Presidency designs still remain on sale.

In the month of May, the US Mint will release the 2010 America the Beautiful Quarters Proof Set on May 13 and the Quarters Silver Proof Set on May 27. These sets will be priced at $14.95 for the regular clad set and $32.95 for the silver set.

On May 20, 2010, the Franklin Pierce Presidential Dollar Rolls will be available. This corresponds with the circulation release date for the 14th coin in the Presidential Dollar coin series.

45 Comments:

Man, I hope the Mint puts the 2009 Lincoln Cent Rolls out of their misery on the 8th when the 2010 goes on sale! I'm afraid that they won't, though.

My thinking is that the Mint plans to leave the remaining 2009 products and coin sets on sale until June 30th, effectively killing any future premium they might ever hope to have. The only year over the past several that I didn't order extras was 2008, the one and only year that I would NOT have been burned by doing so. I just can't win.

By chasing fads that were once profitable, I'm now stuck with a plethora of extra 2006-2009 products that no one wants. If I try to sell them on eBay, not only will they go for significantly less than issue price, eBay and PayPal will take a combined 11.9% (plus .30 cents) of the already deeply discounted price.

That is why I'm through with it starting this year. No extra 2010 products hoping to make a little money will be purchased by me. The rising prices only served to strengthen that philosophy.

I know, I know. I have no one to blame but myself. I'm a heartless, greedy bas$!$* for trying to make money off of my fellow collectors and I should be ashamed of myself. Does that about cover it? :)

I missed out on many of the 2008 coins myself. I didn't get any proof, mint sets or gold eagles or buffalos. But I did get some 2008 proof silver eagles (only 2) and some 2008 Sacagawea rolls that are the key date for the series and last I checked were selling for about $80 a roll on ebay.

What a racket! Two dollar coins and a 44 cent stamp for $15.95. Does anyone really collect these things. I know the flippers love them but come on. Do yourself a favor and save your money for gold or silver offerings.

I just bought some Lincoln LP4 sets and some 2009 Northern Mariana Islands Quarters from the mint because of the low mintage numbers. But I think some of the America the Beautiful Quarters will probably have even lower mintage figures in the next several years.

If the Mint doesn't make First-Day Quarter Covers for the America the Beautiful series, do you think that will help or hurt the 2009 Territories covers? The sales on some of them are pretty low, and with less than 3 months of sales left for them, the numbers will likely stay that way. Some of the 50 State Quarter covers from 2007-2008 can command some pretty big money, and the 2009's will be even lower mintage than those. But, there were 10 years' worth of 50 State Quarter covers to collect, making the 2007 and 2008 issues necessary for a set, while the Territories were a one-year-only issue that is technically not part of the 50 State Quarters set.

Any thoughts if the 2009's will be viewed as "The end of an era" for quarter covers and their low production will give them some value, or if they will be a product no one will ultimately care about since there will be no further ones for 2010 and beyond to keep them fresh in our minds?

I read from some of the above comments that several of you buy a lot of extra coin sets. One good use for them is as gifts to friends, relatives, and co- workers. Maybe there is a recent year that is special to someone for whatever reason. Give that person a coin or coin set from that year or include with another gift you are giving.

i just took a chance. i ordered 3 of the boy scout commems. i usually don't order commems but i got a feeling these have a future. if they don't then it's not like it broke the bank. the only other commems i've ever ordered were the lincoln chronicles sets, which weren't commems they were sets and those were good investments to pass along to my daughters.

A Millard Fillmore cover for $2. Hee hee, that's about right. I've seen some of the early sold out Presidential covers go for ridiculously low amounts like that. The original buyer's loss is the secondary market buyer's gain!

I just checked the sales of the Harrison mint rolls on ebay. On 4-1-10 a D roll (WH4) sold for $378.50 and a P roll (WH2) sold for #301.98. That is simply amazing. I can't help but feel it is some kind of April fool's joke.

Like I stated earlier - it's difficult to understand the minds of some collectors.

I'd be happy if I could just sell my Tylers for enough to recover my original investment! That is SO frigging annoying!

I'll probably end up just opening them up and spending them for face value. With the money they bring on eBay, by the time you pay 11.9% plus .30 cents and postage, the amount left would likely be LESS than face value!

If I had known I could have made profits like that on the Harrison rolls I would have sold everything I owned and bought as many rolls as I could, wait for them to sell out from the mint, list them all on ebay, put all my profits in gold and silver (real money investments) and in a couple of years after the dollar collapses and precious metal prices explode I'd have more than enough to retire.

Makes about as much sense as people thinking they could get rich by buying homes with no money down, waiting for them to double or triple in price and then selling them after a couple of years for huge profits.

People in this country are going to get a big dose of reality soon when high inflation and a dollar crisis hits this country like a freight train.

It would make more sense to buy $300 face value of pennies and nickels that have more intrinsic value than face value and just wait for inflation than to spend $300 on $25 face value of clad modern day dollar coins that some people seem to think have some imaginary collectable value.

But then again maybe I am completely wrong and sound money and fundamental economics is all just nonsense.

The only justification I can think of why Harrison dollar rolls are so much is because his was the shortest presidency. Other than that, can't think of any reason. As of this writing, there are 4 rolls on eBay bidding for over $100 each.

I read a comment on another post that Harrison was also only in office 1 month. Didn't he give his inaugural address in a cold rain without an overcoat or hat? Caught pnuemonia and croaked a month later. Would that also help make the rolls skyrocket? Strange, a roll of brass coins with a melt value of $1.89 going for 300 bucks

As we see with most other products, nearly all of the covers will sell for dirt prices and a couple of them will sell for high prices. It isn't worth the time trying to figure out the couple that may do well when you lose it all on all the duds.

I also noticed that just a few minutes before the Harrison rolls sold for $378.50 and $301.98 each on 4-1-10, a seller tried to sell 2 mint rolls of John Tyler dollars with an opening bid of $79.00 and got no bids.

Both coins sold out from the mint with the same mintage figures - 30,000 from each mint (60,000 total). Yet one coin can't sell for near mint price and the other sells for a average of 1000% profit.

I can't help but say it again - it's hard to figure the minds of some collectors.

Here's the ebay page link if anyone is interested:http://completed.shop.ebay.com/2009-/166677/i.html?LH_Complete=1&_trkparms=65%253A13%257C66%253A2%257C39%253A1&_nkw=roll&_dmpt=Coins_US_Individual&_trksid=p3286.c0.m14&_pgn=2

The Alaska coin cover increase could be due to Sarah Palin although I don't remember hearing much about the AZ coin Cover (McCain). He's a great patriot but also an old knot head so maybe not that much interest.

I am one of the lucky ones that have sold Harrison Mint rolls for a big profit. I did not dream these rolls would sell for over 250 bucks. I purchased two sets D&P from the mint and still have one set. My guess on the reason for such a high price is supply and demand. The Harrisons sold out early before many of the collectors purchased them. If you remember at about the same time as the Harrisons were released, the Lincoln commemorative silver dollars, the lincoln LP1's and the new Washington D.C. quarters were selling. Many collectors decided to wait on the Harrisons in order to purchase these new mint products. WHY!! because they only have so much to spend and Harrisons could wait because all previous Presidential dollars were available for months and(or)years after their release. Yes I bought the Harrisons but lost out on the LP1's because I thought I could wait till my next purchase. I decided to buy the Harrisons and the Lincoln Dollars, but waited on the LP1 Pennies. Win some, lose some!!!

But why would people who had no interest in collecting the Presidential Dollar rolls buy the Harrisons before the collectors who truly wanted them did? I mean, the Presidential Dollar rolls had not exactly been a hot item with huge profit potential prior to Harrison.

Also, John Tyler has an identical amount of rolls circulating on the secondary market, and those aren't worth squat. You can't even sell them for enough to get back your original investment after paying the fees to everyone. I sell a few things on Webstore where there is no listing or final value fee, so that helps a little bit. But, traffic there is much lighter so sales are much slower. I'm still doing that right now versus paying eBay 9% plus a listing fee on top of that. The 2.9% plus .30 cents that PayPal takes is good enough, since they apply that fee to even the payments that cost them nothing, such as moving money from one PayPal account to another or payment by bank account.

I would go back to eBay in a heartbeat if they returned to their former fee structure. The one they use now caters only to the rich sellers, since their fee is now capped at $50. They're now dancing a jig, but the ones who pay for it are the small guys. A $100 item on eBay used to have a final value fee of $4.82. Now, that same item has a final value fee of $9. That's almost double. A $10,000 Silver Eagle Monster Box used to have a final value fee of $171.32. Now it's $50. Yeah, the rich guys have it made and the small guys suffer.

I just bought some LP4 sets last week that shipped out today. I wanted some because of the low mintage and I thought they might sell out once the LP5's went on sale (even though I know the mint has already sold about 250,000 of them and they are all being hoarded by collectors).

On a completely different subject, does anybody live near the Hot Springs National Park? I can send some of the first day cover envelopes I'm creating your way. On the 19th, you can get the local Hot Springs post office to cancel them. And I think the ceremony on the 20th will have its own special stamp/postmark as well... so, maybe you can add that to the FDCCs. Otherwise, I'm just going to get them postmarked here in DC.If you want to contact, email my gmail account (same name as I use here)